Honda Cars India is among the automakers affected by the ongoing impact of demonetisation and the cash crunch in the domestic market.
01 Dec 2016 | 3098 Views | By Autocar Pro News Desk
Honda Cars India has announced domestic wholesales of 8,029 units in November 2016, down 45.43 percent year on year.
The City sedan was the company’s bestseller with 2,658 units, followed by the Jazz witgh 2,655 units and the Amaze with 1,971 units. Of the two SUVs, the BR-V sold 419 ...
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Honda Cars India has announced domestic wholesales of 8,029 units in November 2016, down 45.43 percent year on year.
The City sedan was the company’s bestseller with 2,658 units, followed by the Jazz witgh 2,655 units and the Amaze with 1,971 units. Of the two SUVs, the BR-V sold 419 units and the CR-V 21 units. While the Brio went home to 202 buyers, the Mobilio MPV saw 101 units being sold last month. The recently launched Accord Hybrid sold 2 units.
Commenting on the sales performance, Yoichiro Ueno, president and CEO, Honda Cars India, said, “November saw major disruptions in the market due to the ongoing effects of demonetisation and the cash crunch. The consumer sentiment was low and footfalls and enquiries at the dealerships also slowed down during the month. We have taken several constructive steps to neutralise the impact of demonetisation, which includes squeezing the wholesales to avoid stock piling up at the dealerships. We believe that the situation will normalise in the near future and our sales performance will improve accordingly.”